Detailed text transcripts for TV channel - MSNBC - 20121109:14:02:00
Spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more than half of married couples with two children will owe an additional $4,000 in taxes a year. and the 2011 temporary payroll tax cut expires, meaning a 2% tax increase for most workers. if nothing is done, $984 billion in defense and non-defense cuts that congress agreed to, which is referred to as so-called sequester in washington's beat, that will go into effect. emergency unemployment benefits also be expire. during t...
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